Nwam LLC Sells 9,477 Shares of Cameco Corporation $CCJ

Nwam LLC reduced its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 12.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,113 shares of the basic materials company’s stock after selling 9,477 shares during the period. Nwam LLC’s holdings in Cameco were worth $7,040,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CCJ. Mcguire Capital Advisors Inc. bought a new stake in Cameco in the 4th quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Cameco by 30,700.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 307 shares in the last quarter. Sterling Capital Management LLC bought a new position in shares of Cameco during the 1st quarter worth approximately $30,000. Sunbelt Securities Inc. raised its holdings in shares of Cameco by 928.6% in the third quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 325 shares during the last quarter. Finally, Brown Lisle Cummings Inc. raised its holdings in shares of Cameco by 3,200.0% in the first quarter. Brown Lisle Cummings Inc. now owns 297 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 288 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CCJ has been the subject of several recent research reports. Truist Financial increased their target price on shares of Cameco from $129.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Wall Street Zen lowered shares of Cameco from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Citigroup reissued a “positive” rating on shares of Cameco in a research report on Wednesday, July 15th. Bank of America reduced their price objective on shares of Cameco from $143.00 to $140.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Finally, Weiss Ratings cut Cameco from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, August 12th. Thirteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $145.68.

Cameco Trading Down 1.3%

Shares of Cameco stock opened at $98.75 on Tuesday. Cameco Corporation has a 12-month low of $73.20 and a 12-month high of $135.24. The stock has a market cap of $43.01 billion, a P/E ratio of 167.37, a P/E/G ratio of 1.71 and a beta of 1.05. The company has a quick ratio of 2.10, a current ratio of 3.06 and a debt-to-equity ratio of 0.14. The business’s 50 day moving average is $95.84 and its 200-day moving average is $106.84.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Friday, July 31st. The basic materials company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.13). Cameco had a net margin of 10.20% and a return on equity of 7.59%. The firm had revenue of $573.06 million during the quarter, compared to the consensus estimate of $579.60 million. During the same period in the prior year, the business posted $0.71 earnings per share. Cameco’s quarterly revenue was down 6.8% compared to the same quarter last year. Equities research analysts predict that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

About Cameco

Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long?term and spot contracts.

The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.